Is It a Worrisome that the Data Shows Miners Start to Sell Bitcoin Again?

According to the on-chain data, the miners sold their Bitcoins in the exchanges and caused a sudden drop of 3% in Bitcoin’s price yesterday. It seems to be a healthy regular sell-off action for the miners in order to maintain their expenses on mining Bitcoin. Furthermore, there is enough demand for Bitcoin to offset the selling pressure as the Bitcoin price performed a higher lows pattern in the 1H chart. Therefore, it is considered as a healthy price movement in the bullish trend for Bitcoin.

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